This pair looks ready & ideal for a short. I'll be looking for a pump early next week, to catch a Sell, initial target being that recent Low (Green Target).
Honestly, given the Seasonality of the Dollar, and other Global Macro developments, the Relative Equal Lows (Yellow Target) seem HIGHLY probable.
Over time, I wouldn't be the least bit surprised if the pair retraces much deeper, below the EQ of this larger range (Red Target).
As always, good luck, have fun, and practice solid risk management.
Honestly, given the Seasonality of the Dollar, and other Global Macro developments, the Relative Equal Lows (Yellow Target) seem HIGHLY probable.
Over time, I wouldn't be the least bit surprised if the pair retraces much deeper, below the EQ of this larger range (Red Target).
As always, good luck, have fun, and practice solid risk management.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.